Weekly Finance Newsletter - February 9, 2018

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February 9, 2018

FINANCIAL AND BUSINESS SERVICES

Financial and Business Services is made up of two divisions: School Business Administration,
and Financial Services. These Divisions report to Adam Levinson, CFO

2018-19 Budget Planning Information

Budget

The 2018-19 budget season is in motion and although the General Assembly has not yet convened, the 2017 Budget bill provides some information for next year.  The full Budget bill is located at https://www.ncleg.net/Sessions/2017/Bills/Senate/PDF/S257v9.pdf

 

The following excerpts from the bill may be useful for your planning.  Note that these items may change and should not be considered final.

 

Section 35.19              Retirement rate                       18.44%

 

Section 35.19              Health insurance                     $6,104

 

Section 8.1 (i) It is the intent to implement the following monthly bachelor teacher schedule:

 

Years               “A” Schedule

0                      $3,500

1                      $3,600

2                      $3,700

3                      $3,800

4                      $3,900

5                      $4,000

6                      $4,100

7                      $4,200

8                      $4,300

9                      $4,400

10                    $4,500

11                    $4,600

12                    $4,700

13                    $4,800

14                    $4,900

15-24               $5,000

25+                  $5,130

 

 

Section 8.5(c) It is the intent to increase the Assistant Principal pay from “A” teacher + 17% to “A” teacher + 19%.